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Ellington Residential: 1Q Earnings Snapshot

OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Tuesday reported a first-quarter loss of $16.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Old Greenwich, Connecticut-based company said it had a loss of $1.35. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The residential mortgage real estate investment trust posted revenue of $3.8 million in the period.

Ellington Residential shares have dropped 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.01, a drop of 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EARN at https://www.zacks.com/ap/EARN